Car Ownership Prices Accelerate: Bidenflation Hits Auto Repairs, Car Insurance, and Even Parking Prices

The American employee continues to pay more for a car under President Joe Biden.

The prices of auto repair, auto insurance, and parking have surged since 2023, according to March Consumer Price Index ( CPI ) data released Wednesday:

— Motor car maintenance and repair: &nbsp, Up 8.2 percent&nbsp, since March 2023 / Up 1.7 percentage since February 2024

—Motor car plan: &nbsp, Up 22.2 percent&nbsp, since March 2023 / Up 2.7 percent since February 2024

— Parking and another expenses: &nbsp, Up 5.0 percent&nbsp, since March 2023 / Up 1.7 percentage since February 2024

Nevertheless, the consumer value index&nbsp, rose&nbsp, 0.4 percent in March compared with February. The article index is up 3.5 percent when compared with 12 months prior, according to Breitbart News’s John Carney:

Economists had forecast a 0.3 percentage raise in the fortnight- t0- month physique and a 3.4 percent increase over 12 weeks.

Core inflation, which excludes food and energy, rose 0.4 percentage for the quarter, matching the previous month and higher than the 0.3 percentage expected. Compared with a year ago, core cpi is off 3.8 percentage, even beating expectations and matching the February number.

Some analysts believed that the consumer price index’s increase was a seasonal oddity and predicted that inflation may soon start to decline once more in January. After three weeks of hotter- than- expected prices, that is no more a realistic view. Over the last three decades, main inflation has risen at a 4.6 percent annual rate. According to Harvard analyst Jason Furman, that is the highest three-month annualized prices for any period between August 1991 and 2020.

Splitting: Prices is up 3.5 % over last year—” HOTTER than expected”.

Nevertheless prices are up 19.4 % since Biden took office. photograph. twitter.com/YfTcMe4Bel

— RNC Research ( @RNCResearch ) April 10, 2024

Wendell Husebo is a former GOP War Room Analyst and a social writer for Breitbart News. He is the creator of&nbsp, Politicians of Slave Morality. &nbsp, Follow Wendell on&nbsp,” X”&nbsp, @Wendell Husebø or on Truth Social @Wendell Husebo.

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